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3 Stocks Boosting The Technology Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading down today with the
Dow Jones Industrial Average (
^DJI) trading down 21 points (-0.1%) at 14,492 as of Monday, March 18, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,220 issues advancing vs. 1,709 declining with 121 unchanged.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector higher today:

3.
Hewlett-Packard (
HPQ) is one of the companies pushing the Technology sector higher today. As of noon trading, Hewlett-Packard is up $0.60 (2.7%) to $22.78 on heavy volume Thus far, 24.5 million shares of Hewlett-Packard exchanged hands as compared to its average daily volume of 26.5 million shares. The stock has ranged in price between $22.20-$22.90 after having opened the day at $22.25 as compared to the previous trading day's close of $22.18.

Hewlett-Packard Company and its subsidiaries provide products, technologies, software, solutions, and services to individual consumers, small-and medium-sized businesses (SMBs), and large enterprises, including customers in the government, health, and education sectors worldwide. Hewlett-Packard has a market cap of $42.6 billion and is part of the computer hardware industry. Shares are up 55.6% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates Hewlett-Packard a buy, 6 analysts rate it a sell, and 17 rate it a hold.

TheStreet Ratings rates Hewlett-Packard as a
sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, poor profit margins and generally disappointing historical performance in the stock itself. Get the full
Hewlett-Packard Ratings Report now.